Komodo (KMD) Trading Down 21.5% This Week

Komodo (KMD) traded up 7.9% against the dollar during the one day period ending at 8:00 AM ET on April 15th. One Komodo coin can now be bought for $0.41 or 0.00000627 BTC on popular cryptocurrency exchanges. In the last week, Komodo has traded down 21.5% against the dollar. Komodo has a total market capitalization of $56.16 million and approximately $3.29 million worth of Komodo was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded 7% higher against the dollar and now trades at $37.94 or 0.00057550 BTC.
• Zcash (ZEC) traded up 6.6% against the dollar and now trades at $22.33 or 0.00033868 BTC.
• Horizen (ZEN) traded up 6.6% against the dollar and now trades at $8.84 or 0.00013415 BTC.
• Pirate Chain (ARRR) traded up 5.5% against the dollar and now trades at $0.33 or 0.00000502 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 3.6% against the dollar and now trades at $0.0633 or 0.00000096 BTC.

About Komodo

Komodo (CRYPTO:KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 139,739,187 coins and its circulating supply is 135,953,876 coins. Komodo’s official message board is blog.komodoplatform.com. Komodo’s official website is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here.

According to CryptoCompare, “Komodo (KMD) is a blockchain and cryptocurrency platform focused on security, anonymity, and interoperability. Stemming from Bitcoin’s foundation, it surpasses limitations with advanced tech. Key is “delayed proof of work” (dPoW), backing up Komodo on Bitcoin’s chain for extra security. This innovation supports independent blockchains with unique consensus mechanisms, ideal for decentralized apps and secure token sales. Founded by James Lee, Komodo’s team envisioned a privacy-focused, scalable ecosystem, leveraging Lee’s software and blockchain expertise.”

Buying and Selling Komodo

It is usually not possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to trade Komodo should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView